Comments for Business Planning

Comment on Why So Many Startups Fail by Luis Salvador

Luis Salvador — Sat, 28 Jan 2012 09:36:38 +0000

Hi Rolfe! I see how this post really is helpful for business planning. These four mistakes are only the few reasons on why start-ups fail. I am totally agree on this one. Entrepreneurs should realize before going into business and every business has plans. If a person couldn’t do it alone, there lots of resources to get from. Especially a friend who’s already been successful in business or simply a business coach, right? This is a good one. Glad to read this post.

Comment on Why So Many Startups Fail by Bankruptcy Records

Bankruptcy Records — Fri, 20 Jan 2012 04:22:22 +0000

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Comment on Case Study: Value Chain Improves Profitability by Business Consultant

Business Consultant — Thu, 17 Nov 2011 05:51:07 +0000

Analysis of the value chain is a way to identify which activities are best undertaken by a company and which are best provided by other. Applying value-chain analysis method to the business would be very helpful for improving the profitability.

Comment on Are you an Innovator, an Entrepreneur, or a Manager? by David Weisberger

David Weisberger — Thu, 09 Jun 2011 16:06:04 +0000

For additional thoughts on this, the REDF Box Set on Social Purpose Enterprises has a chapter on leadership with a similar breakdown (Chapter 4). The text focuses on hiring the entrepreneur, based on the assumption that the other roles are more likely to be in place, as well as the interrelationships and tensions between the different roles in operation. See http://www.redf.org/learn-from-redf/publications/118

Comment on Implementation: Turning Your Business Plan Into A Business by Becky

Becky — Wed, 30 Mar 2011 22:52:01 +0000

Wonderful advice! I especially love number 7. I am also a firm believer in hiring outside help- in fact, business coaches are something that I would recommend for anyone starting or wanting to build a business. More specifically I recommend Kathleen Ranahan's services. Kathleen has been a tremendous resource for all things business, especially all my Human Resources issues including recruiting, teambuilding, employee relations, and performance improvements.

Comment on Competitive Analysis by Tove Rasmussen

Tove Rasmussen — Wed, 23 Feb 2011 15:35:34 +0000

Hello Rolfe -

This is an excellent guide to performing a very detailed competitive analysis, critical information for developing and honing an effective business strategy. I would supplement this analysis with a search for any unmet needs that are important to the target market. Or, any key need where competitors are weak and a firm is or can be very strong – particularly if it is a sustainable advantage. These are the areas where I would focus my strategy.

I look forward to reading your other posts!!

Take care,
Tove

http://www.thrivebusinesscoachingandconsulting.com/about-thrive-business-coaching-consulting/

Comment on Halloween Special: Five Business Plan Tricks by Jose - Employee evaluation

Jose - Employee evaluation — Fri, 05 Nov 2010 15:21:38 +0000

I agree that it’s necessary start taking action as soon as possible, even if the plan is not ready 100%, but how can we avoid failure if we start to develop something (a plan) that is not yet fully defined?

Comment on 5 Page Business Plan: Wave of the Future? by Tiffany Floyd

Tiffany Floyd — Tue, 14 Sep 2010 02:25:55 +0000

I think this would be a great idea! But I also believe you should have a more in depth for your own personal situation. The smaller one would be for investors and business loans. If they ask for more information or a more in depth one then you will have it. I love the idea maybe even a wonderful 5-8 page power point presentation of the plan. More visual and imagination of the plan.

Comment on 5 Page Business Plan: Wave of the Future? by Greg Waddell

Greg Waddell — Wed, 08 Sep 2010 19:21:56 +0000

I think you make a great point. For me, the most important factor is whether the plan will be used after it has been printed. I would much prefer a shorter plan that will be used over a longer plan that sits on the shelf. Also, it’s a bit like Douglas Hubbard’s idea of “reducing uncertainty” in his book “How to Measure Anything;” if it’s the first time for the organization to do this, then the benefits will be tremendous, even though the plan may be short. Once they have had the experience, the company may want to go into more detail for future iterations of the planning process.

Comment on Case Against Business Planning by Greg Waddell

Greg Waddell — Fri, 23 Jul 2010 03:47:23 +0000

Rolfe,

I am reminded of that often-cited quote of Dwight D. Eisenhower where he said: “In preparing for battle I have always found that plans are useless, but planning is indispensable.”